Tata Steel's Dutch plant gets year to clean up coke oven
AMSTERDAM, Dec 19 (Reuters) -Dutch regulators on Thursday threatened to close down one of Tata Steel's TISC.NS main ovens at its massive plant in IJmuiden if it doesn't limit pollution within a year.
The regulators said Tata's coke oven at the plant continued to operate in breach of environmental regulations and they would consider revoking the licence for the oven if pollution wasn't cut within a year.
Coke ovens are manufacturing plants or blast furnaces for making coking coal, a key raw material in steelmaking.
Tata has repeatedly said closure of the oven would threaten the existence of the whole steel plant on the Dutch coast west of Amsterdam.
Tata's factory in IJmuiden is one of the largest emitters of greenhouse gases in the Netherlands and research has found it is also responsible for a range of health problems in the region.
The company's Dutch arm on Thursday questioned the way regulators had measured pollution at the plant and said it had already improved the situation at the oven considerably.
It had earlier promised to close the oven once its promises to convert the steel mill to a cleaner one powered by natural gas or hydrogen have been realised by the end of the decade.
Tata has been in talks with the Dutch government about subsidies for making this transition for several years, without reaching a deal.
Reporting by Bart Meijer
Editing by Mark Potter
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.